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I have chosen to base my assignment on the following two businesses: Sole trader- Errol Anderson Motors and PLC-J-Sainsbury's.

Extracts from this document...

Introduction

INTRODUCTION I have chosen to base my assignment on the following two businesses: Sole trader- Errol Anderson Motors and PLC-J-Sainsbury's I have chosen J-Sainsbury's as my PLC because J-Sainsbury's is a well-known retail company, which sells over 23,000 products on their shelves and many household products. J-Sainsbury's comes under the tertiary sector as they provide a service. Also I chose to do J-Sainsbury's because I have already done a coursework on J-Sainsbury's in another unit so I have all the information I need. For Sole Trader I have chosen Errol Anderson motor that provides a car repair service in Harrow. The reason I have chosen Errol Anderson Motors is because I don't know any Sole traders, so instead my teacher gave me a case study on Errol Anderson Motors from which I got my information. Also Errol Anderson Motors is situated in harrow, which is very close to me so I can go there to see the area. Main Features of Errol Anderson Motors The Sole trader is simplest form of business organisation. This type of business is owned by one person- although he or she may employee other people to work in the business. A Sole Trader is some who decides to own and run his or her business and most probably use personal savings as capital to start up the business. Setting up a Sole Trader can be the least expensive way of starting up a business because Sole Traders normally start of businesses from small premises such as warehouses and shops which don't cost a lot of capital to start compared to J-Sainsbury's which will need a lot of capital to start as it is a big supermarket. If the business is successful the Sole Traders reward will be the profit which the Sole Trader can keep all to himself as he is the only one to own the business. ...read more.

Middle

Also one important factor is coal is being imported because of price. Coal, which is imported, is cheaper then British coal which means coalmines in Britain cannot afford to hire more staff. So coal being imported is affecting the primary sector. The amount the person would be earning working in a coal mine may not be enough to feed a family of three, so the primary sector could be said as not being very popular. Secondary sector Also there is a decline in the number of people employed in the secondary sector. In 1989 there were 273,000 people employed and declined too 225,500 in 1997. Again there are many reasons why the number of people employed is declined during the years. The main reason for the decline is the inability of British industry to compete with cheaper goods being manufactured abroad, because of its own high production costs and a slowness to recognise the new opportunities available. These are in areas such as electronics household goods and new types of food products. Today production costs have fallen because of changes in working practices and lower wages costs. There has been a lot of foreign investment, which has assisted the secondary sector. Also technology is taken over work of people. Technology these days are very modern and do work faster then a human, so instead of hiring people manufactures just work with machinery which saves them money and more is produced then humans. Tertiary sector The number of people employed in the tertiary sector has increased year by year. In 1989 there were 689,960 employed, and in 1997 there were 759,000 employed. As you can see the tertiary sector is steadily employing more and more people. The main growth areas have been business and financial services, retailing and distribution and the communication industries. Business and financial services include both banking and insurance. This area grew quickly in the 1980's because of the increase in consumer spending and, at the time the rise in house rises. ...read more.

Conclusion

The customer won't be able to get his car repaired and visit another garage. Both Errol Anderson motors and J-Sainsbury's have picked a location close to their customers, they both are very close to a tube station and customers can reach to them without a problem. Some of the differences are listed in the table below. J-Sainsbury's is a public limited company whose shares are sold through the stock exchange, compared to Errol Anderson motors, who is a sole trader and has unlimited liability. J-Sainsbury has limited liability and as a whole organisation would be more formal dealing with employees, customers and suppliers. The dress code for employees would also be formal, as staffs that work for J-sainsbury's have to wear uniform. Errol Anderson motors would be informal as it is not a large organisation and deals with much less customers then J-Sainsbury's. Also their dress codes will de informal too because of the duties an employee has to do working for a motor garage. Another difference is that J-Sainsbury has to do a lot of advertising in order to make customers more aware of new products. And also have to do product endorsement for example they did it with Jamie Oliver. Also J-Sainsbury is a part branch compared to Errol Anderson motors where there is only one garage. J-Sainsbury has a large work force to work for them because they business are very big, but in Errol's case he doesn't need a big work force because they business is smaller. The shareholders are the owners of J-Sainsbury's where Errol owns his business. Errol is responsible for any loss the business makes. I have picked specific similarities and differences that have interested me. The similarities and differences have both occurred because both J-Sainsbury's and Errol Anderson motors are very different businesses, although they operate differently, they sometimes have similar targets and aims in a business. They both intend to make a profit; they both want to attract as many customers as possible, they both need suppliers, they both aim to make the customers happy with their services. BY JAYMIT PATEL ...read more.

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